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Expert View
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Furniture retailer Ikea has announced a five pence charge for each plastic bag it gives customers in a move praised by the Environment Agency, which supports a tax on plastic bags. However, the British Retail Consortium opposes a levy because it claims the problem makes up less than 5% of the UK's litter.
Published By Datamonitor
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05 Jun 2006 |
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CommentWire
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Ikea could be next in a long list of retailers to move into the electricals market after Anders Dahlvig, chief executive, said that the company is considering adding electricals to its iconic furniture. In light of electricals' positive market outlook, Ikea's brand strength and its vast store footprints, selling electricals could prove a sound move by Ikea.
Published By Datamonitor
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02 Apr 2007 |
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Expert View
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News that Swedish home furnishings retailer Ikea is planning to restructure its work-force in the UK and reduce staff numbers, in a bid to become more efficient, is a sign that that even the most innovative and successful retailers are not immune to a slowdown in UK retailing.
Published By Datamonitor
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11 Jul 2007 |
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CommentWire
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A phased launch of Ikea's transactional website is expected to occur throughout 2007. The website will be highly popular, and is a further example of the retailer's increasingly flexible business model.
Published By Datamonitor
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28 Nov 2006 |
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CommentWire
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Ideal Shopping Direct, which sells online as well as through its TV shopping channels, reported a loss of GBP3.6m before exceptional items for full year 2008. Following changes on the executive board and a strategic review, the remote retailer has identified several areas upon which it can improve in 2009. However, it remains to be seen whether this will work against a bleaker economic outlook.
Published By Datamonitor
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20 Apr 2009 |
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CommentWire
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The benefits of a multi-channel, multi-fascia retail business were shown when the UK's HRG reported contrasting fortunes for its two retail brands, Homebase and Argos, over the last quarter. While there is a certain amount of crossover between the two businesses, each one's different focus helps insulate the group from poorly performing markets.
Published By Datamonitor
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13 Sep 2007 |
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Expert View
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Home Retail Group has announced that its main fascia, Argos, has experienced better than expected recent trading, with like-for-likes declining by only 1.6% in the final eight week trading period of the financial year ended February 28, 2009. However, sister chain Homebase has continued to struggle, with like-for-likes declining by 10.2%.
Published By Datamonitor
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12 Mar 2009 |
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CommentWire
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Despite its recent loss-making performance, Homestyle has made significant progress over the past year. Although results should continue to improve, the tough conditions of the UK furniture market alongside heightened competition will present challenges for Homestyle and it is likely to face difficult times ahead.
Published By Datamonitor
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01 Sep 2006 |
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CommentWire
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As Homestyle continues to struggle in the competitive UK furniture market, Steinhoff International is looking to purchase the outstanding shares it does not already own. However, it is a change in trading fortunes that Homestyle needs, not necessarily ownership.
Published By Datamonitor
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21 Nov 2006 |
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CommentWire
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The new HomeSense format offers designer homewares merchandise that has been heavily discounted. Any new store launch has an element of risk, and HomeSense's success depends on its ability to build its brand quickly and carve a niche for itself in an extremely competitive market.
Published By Datamonitor
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10 Mar 2008 |
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